we're short | 12 September 2018

Wave Analysis

The past trading day, Ethereum declined even further and is now below 235.20. This is a key level and as long as the price remains below it, we expect a possible steep decline towards 160.40 and could head even lower. As it is on the 4 hour chart above, we're expecting a possible correction to the upperside to pick a long term short position with an ultimate target at 150.00. This view can only be invalidated in case the price breaks above 304.65, if this is the case, then we'll expect a possible momentum further to the upperside.

Trade Recommendations:

we're short

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.